Answered: If a company has total assets of…

If a company has total assets of $400,000 and total liabilities of $160,000, what is the debt ratio? A) 20% B) 30% C) 40% D) 50%

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 15MCQ: Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummels...

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FINANCIAL ACCOUNTING QUESTION: WHAT IS THE DEBT RATIO?

If a company has total assets of $400,000 and total liabilities of $160,000, what is the debt ratio?
A) 20%
B) 30%
C) 40%
D) 50%

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